Published Vending Articles

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Apr 4, 2014

The Hidden Cost of Cash

AP MAR 2014

Automatic Merchandiser, March 2014, Cover Story

By Paresh Patel

Cash is often viewed as free, but its costs are simply intertwined with the vending operation and equipment costs.

What is the cost of accepting cash?  A first blush response may be “nothing” because unlike cashless payments, there is no “discount” fee paid off the top to a processor nor a monthly connection fee for the equipment.  Vending operators have long-favored cash in part because accepting it has been regarded as free especially when in comparison operators pay 5  to 7 percent for cashless payments.   In an industry where every percent counts, this cashless fee is viewed by many as onerous and has been a barrier to greater cashless penetration.

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